FX.co ★ Technical analysis of GBP/CHF for September 26, 2014

 Technical outlook and chart setups:

The GBP/CHF pair took out stops at 1.5450 levels and made fresh highs at 1.5500 levels yesterday, before closing at 1.5450 again. The daily chart view shows an indecision candle for yesterday indicating a pullback ahead. Immediate interim resistance is at 1.5500 levels for now, while support is seen at 1.5300 levels, followed by 1.5100, 1.4950 and lower respectively. The pair is expected to pullback at least into the 1.5300 levels if not deeper. The 1.5200 levels remains of keen interest to initiate long positions again, since it is the fibonacci 0.618 support of the rally between 1.4975 and 1.5500 as seen here.

Trading recommendations:

Remain flat for now. Look to buy around 1.5300/1.5200 again.

Good luck!